by Rachel Poole | Jul 16, 2020 | Uncategorized
Coronavirus Spending Pushes U.S. Budget Deficit to $3 Trillion for 12 Months Through June Kate Davidson, Wall Street JournalRead the full article here The US budget deficit has soared in the months since the pandemic began, and is projected to reach $3.7 trillion...
by The BlackSummit Team | Jul 14, 2020 | Uncategorized
Alex Bavelas was a 20th century psychosociologist whose research was primarily focused on how information traveled and gained acceptance in small networks. After graduating from MIT, he moved to Stanford University to teach and while there conducted one of the most...
by Rachel Poole | Jul 11, 2020 | Uncategorized, Weekly Market Update
Global Market News Global equities little changedGlobal equities were little changed on the week. Market fluctuations this week displayed the heightened fear that the US economic recovery will lose progress as the number of Covid-19 cases surges. Reflecting such...
by Rachel Poole | Jul 10, 2020 | Uncategorized
World Economy That Took Elevator Down Faces Steep Stairs Back Up Enda Curran, BloombergRead the full article here In the wake of what the IMF has called “The Great Lockdown,” the world has suffered from the worst economic crisis since the Great Depression. While...
by John E. Charalambakis | Jul 7, 2020 | Commentaries, Uncategorized
When we look at US jobs data, we get a clear picture that more than 7 out of the 22 million jobs lost during the Covid-19 crisis have been recovered. That fact by itself is a powerful factor in explaining the market’s recovery. However, the surge of infections...
by Rachel Poole | Jul 4, 2020 | Uncategorized, Weekly Market Update
Global Market News Global equities improveGlobal equities were much improved this week in part thanks to promising news of a vaccine and a much-improved US labor report. The yield on the 10-year US Treasury note increased just slightly, hitting 0.67%. The price of a...